Religious Organizations in the US: Market Research Report

Losing faith: Renewed incomes will boost donations, but attendance will continue to drop

The Religious Organizations market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Slowing participation numbers and donations, increased skepticism among younger generations and new religions brought stateside by immigrants are trends that will likely occur in the next several years. Despite lower church attendance, revenue will experience slow growth as higher disposable incomes allow individuals to make more donations... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Religious Organizations industry is in the declining stage of its industry life cycle. Industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to slowly increase at an average annual rate of just 0.2% over the 10 years to 2020. By comparison, GDP is projected to grow at an average rate of 2.5% per year over the same ten-year period. Consequently, the industry's contribution to the overall economy is contracting, which indicates a declining industry.

Public confidence in organized religion has declined over the past five years. This was matched by a growing percentage of individuals with no religious beliefs or no affiliation with an organized religious group... purchase to read more

What is the Religious Organizations Industry?

This industry consists of religious organizations that provide religious worship or promote religious activities for both organized religions and smaller faiths that are not recognized in mainstream religious teaching. Establishments include churches, temples, mosques, synagogues and other houses of worship, as well as convents, monasteries and religiously-affiliated community centers. This industry does not include schools and hospitals operated by religious organizations.